local real estate news, statistics, and commentary without the sales spin.
With the dramatic increase in mortgage interest rates that we’ve seen over the last few weeks, I thought that it now would be a good time to take another look at what the affordability numbers look like. As a reminder, the affordability index is based on three factors: median single-family home price as reported by…
Time to take look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In June 2012 9.4% of the sales of single-family homes in King County were bank-owned. In June 2013 that number was just 5.7%. We’ve now matched the low of 5.7% set in November. Short sales bounched back…
This poll was active 07.07.2013 through 07.13.2013
It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). To kick things off, here’s an excerpt from the NWMLS press release: Northwest MLS…
Happy Independence Day, everybody!